The Middleby Corporation acquired CVP Systems, Inc. for approximately $29.8 million, a transaction completed in June 2017, structured as combination (cash and stock).
CVP Systems, Inc. operates in Food Processing. CVP Systems is a leading manufacturer of high-speed packaging systems for the meat processing industry, located in Downers Grove, Illinois. Consideration included $17.5 million in cash and Middleby common stock.
Extended food processing capabilities into meat packaging.
Advisory firms were not disclosed for this transaction.